Score of 95.5/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 13 Jan 2026 | 16 | 93% | 6% | 1% | 7% |
| 01 Jan 2025 - 30 Jun 2025 | 22 Jul 2025 | 16 | 94% | 5% | 1% | 6% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 17 | 94% | 5% | 1% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 15 Jul 2024 | 14 | 97% | 3% | 0% | 3% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 17 | 94% | 5% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 23 | 84% | 15% | 1% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 25 | 77% | 18% | 5% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 26 | 76% | 16% | 8% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 27 | 73% | 19% | 8% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 25 | 84% | 11% | 5% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 27 | 74% | 21% | 5% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 20 | 89% | 10% | 1% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 22 | 79% | 20% | 1% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 21 | 85% | 14% | 1% | 22% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 24 | 90% | 8% | 2% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 calendar days from the date we receive the invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
BOC deals with, infrequent, invoice disputes on a case by case basis. Negotiations are conducted between authorised personnel from BOC and the supplier to reach a mutually agreed position. Formal dispute processes are detailed in individual contracts.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Bank of China (UK) Limited is a subsidiary of the Bank of China, one of the largest banks in China. They offer a range of financial services, including personal and corporate banking, trade finance, and treasury services.
The bank is committed to sustainability and has implemented a sustainability program that focuses on promoting responsible and ethical business practices. This includes initiatives to reduce their environmental impact, support local communities, and promote diversity and inclusion within the organization.
In terms of products and services, Bank of China (UK) Limited offers a variety of savings and investment options, such as fixed-term deposits, individual savings accounts, and investment funds. They also provide loans and credit facilities for businesses and individuals, as well as international trade services and foreign exchange solutions.
The bank's key people include Chairman Sun Yu, who has over 30 years of experience in the banking industry, and CEO Liu Wei, who has been with the Bank of China for over 20 years. Their team of experienced professionals is dedicated to providing high-quality financial services to their customers.
Bank of China (UK) Limited can be contacted through their website, which also provides information on their products and services, as well as their sustainability efforts. The registered office address is located at 1 Lothbury, London, EC2R 7DB, United Kingdom. Overall, Bank of China (UK) Limited is a leading bank that is committed to sustainability and providing excellent financial services to its customers.
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